No matter how "cheap" the deposit, a penalty of up to 3 times the value of the deposit for not correctly dealing with the same will have a huge impact on a landord's investment.

Not only does the deposit need to be registered with a protection scheme, prescribed information (P.I.) must also be given. Failure to provide the P.I. can lead to a penalty which, on average in Blackpool, would be over £1500.00.